Skip to main content

About your Search

20120901
20120930
Search Results 0 to 3 of about 4
as banker to the united states government. some see it as a source of leverage, but others see chinese holdings of u.s. debt as an investment with little return. >> it's not invested in their own country. it hasn't been given to their own people. it's a gigantic waste of money. and really, it does not give china verage over the u.s., becausif they us it, they'd only be shooting themselves in the foot. so, in that respect, i think it's as much a symbol of a weak imbalances in the chinese economy as it is of chinese power. >> reporter: and even if the chinese government wanted to sell off u.s. treasuries, it's not clear it could find a buyer. >> the bigger problem is if they announced that they were simply not going to participate in the next treasury auction or the next three or four treasury auctions. that would produce something of a scramble to see who would participate. the result would probably be some increase in interest rates here. >> reporter: but even that seems likely to hurt china as much or more than the united states. china buys u.s. treasuries to recycle the dollars it ma
after new years sending the economy into reverse. >> and it's not a threat just for the united states of america. it's a threat for the global economy given the size of the u.s. economy and it's linkages with many other countries around the globe. >> reporter: if the u.s. slows, there may not be anyone left to pick up the slack. even china looks like its growth is faltering. darren gersh, "n.b.r.," washington. >> reporter: i'm diane eastabrook in central illinois. still ahead, the harvest is under way, and farmers are figuring out just how much damage the drought did to their crops. >> tom: that free checking account may not be so free. new regulations are squeezing bank profits, sending banks, both big and small, looking for new ways to bring in revenue. one way is by doing away with the free checking account which was so popular in the late 90's. ruben ramirez reports. >> reporter: dick evans is the c.e.o. of cullen/frost bankers. frost has 115 branches around texas. he says checking account fees are going up because of increased government regulation that went into effect a year ag
with the european debt crisis, and even within the united states, with it being an election year. >> reporter: but burberry says it has been talking to other luxury goods makers, so it knows it's not alone in seeing the slowdown. as a result, luxury good stocks like lvmh, tiffany, and coach also fell today, although they didn't get hit nearly as hard as burberry. it's not just luxury firms getting hurt by the global slowdown. many other bellwether firms have said revenues are suffering due to weaker sales in china, europe and elsewhere. in the s&p 500, there have been 88 negative pre-announcements for the third quarter so far, and only 20 positive ones. >> the number of negative pre- announcements we've received is the worst in over a decade. we've already seen analysts become very bearish on these companies. >> reporter: last week, chipmaker intel drastically reduced its sales forecast, warning consumers and businesses are buying fewer personal computers. the company also withdrew its full-year guidance, which is seen as a sign of extreme uncertainty. and fedex recently cut its earnings fore
, the ability to grab market share. it has continued to see its market share erode down to 10% in the united states now compared to google and apple which have been growing their share. >> well, there is positives in the results and it was nice to see the total subscriber base grow to that 80 million it is important to remember that the company still saw revenue decline by 31% on a year-over-year basis. the number of units that were shipped, that 7.4 million for the entire quarter that compared to the 5 million apple sold and on its first weekend of sales are for thix phone 5. so this is a company that has-losing share, people view the platform as being behind the curve technologically and they still have a lot of ground to cover to catch up. >> does it have any price pog we are when it comes to its new device the blackberry -- in other words, it may not make it up on volume but can it continue to see margins and perhaps even increase margins within the company posted a loss this quarter and the expectations are they are going to post a loss in the next your as well. so they are not driving
Search Results 0 to 3 of about 4